Milestone moment in Flare! First decentralized KYC identity for Chinese visitors to Hong Kong

Flare Public Chain has joined hands with a number of Hong Kong fintech partners to launch the world's first Decentralization authentication application scenario, designed for mainland Chinese visitors to Hong Kong. (Synopsis: Lu stock is crazy again!) Brokerage App Hot to Crash, Economists Suggest: Record Deficit Accelerates Stimulating China's Economy (Background Added: China's USDT Trading Surprises Negative Premium, Investors Shift from Crypto Coin to Dry Hong Kong Stocks? This article is widely compiled and provided by Flare Network and does not represent a regional position and is not investment advice, purchase or sale advice. For details, please refer to the liability warning at the end of the article. Flare has partnered with a number of Hong Kong fintech partners to launch the world's first KYC application for Decentralization status for mainland Chinese visitors, an innovative initiative that includes two groundbreaking trials: Allow users to register anonymously on the regulated Stable Coin app. Promote the purchase of tokenized financial products using ComplianceStable Coin. These trials, powered by Flare's Block chain technology and IDA issuance's Stable Coin system, combined with China RealDID, enable KYC Compliance in parallel with zero-knowledge-based Anonymity, a breakthrough technology that creates a secure and regulated way for Chinese visitors to participate in digital financial services without exposing any personally identifiable information (PII) , highlighting Flare's leadership in Block chain innovation and regulatory integration. Flare Promotes New Opportunities for Digital Assets in Hong Kong Hong Kong is about to launch the Stable Coin regulatory regulation that allows digital goods to run on Blockon-chain, which provides Chinese residents in Hong Kong with the opportunity to legally hold the public blockchain Wallet for the first time, which undoubtedly broadens the combination between mainland China and Hong Kong in the application of Block chain technology. With about 50 million mainland Chinese tourists visiting Hong Kong every year, contributing more than US$10 billion to Hong Kong's economy, with the introduction of Block chain technology, there will be more Stable Coin-based digital financial services to choose from in the future, which will not only provide convenience for tourists, but also further enhance Hong Kong's status as a financial hub. Flare preemptively promotes the development of ComplianceStable Coin in Hong Kong As the Chinese government's regulation in the field of digital coin and Block chain gradually becomes clearer, the market is also speculating that the Chinese government may reopen Hong Kong's digital asset market under the regulatory framework, and this pilot project is considered to be a step in this direction, and in line with China's long-term promotion of Block Chain technology development. Strategies to promote the integration of the Block chain with TradFiDepth. As an early participant in the project, Flare will take the lead in China's increasingly regulated digital asset market, and with the implementation of Hong Kong's digital asset regulatory regulations, Flare is expected to make full use of its technical advantages to support the expansion of ComplianceStable Coin in the Hong Kong market and accelerate the application and popularization of Block chain technology. Convenience for local travelers: no passport or bank statement required Flare Block is known for its privacy-first, immutable and high security, and has created a seamless authentication mechanism for Cross-Chain Interaction by using its unique native Oracle Machine Data Connectors. This Decentralization KYC solution provides a robust alternative to traditional centralized systems, giving users control over their personal data and avoiding the risk of data breaches. Through this pilot program, visiting Mainland Chinese visitors can use China RealDID to register for Wallet and access IDA issuance's Stable Coin, such as HKDA, as well as other token-based financial products, designed to avoid passports and bank statements required for traditional KYC, minimize the risk of personal data leakage, and improve users and Financial For the security and efficiency of transactions between service providers, Hugo Philion, Co-Founder and CEO of Flare, said: "Flare demonstrates the ability of the Block chain to solve real-world challenges in regulated environments. Through this trial based on our Block chain infrastructure, we have demonstrated that compliance and privacy can coexist. We are excited to lead the way in introducing Decentralization solutions to new markets, especially in China, where the potential is unmatched." Sean Lee of IDA, a Hong Kong-based Stable Coinissuance broker, said they share the same vision: KYC with zero personally identifiable information is a game-changer, while the application of China RealDID outside mainland China opens a new chapter in Block chain technology, and we work with partners to create a new landscape of self-sovereign digital identity and facilitate new forms of cross-border data interaction. The success of this Decentralization identity KYC solution represents a major turning point in the traditional industry and the Web3 world, illustrating that the Decentralization system can also meet the needs of both compliance and privacy protection, and this model provides a blueprint for cross-border identity verification and digital asset ecosystem as Block chain technology becomes more widely used in regulated environments. It also sets a global precedent for more countries to adopt regulated digital identity solutions in public Blockon-chain. As the demand for a secure and compliant framework increases in the digital coin market, Flare invites financial institutions, regulators, and industry leaders to explore the potential of Decentralization identity solutions in their operations. This innovative approach not only drives the future of financial services, but also demonstrates the great potential of Decentralization technology to support the digital transformation of traditional industries. About Flare as a data block chain, Flare is a full-stack, EVM-compatible Layer 1 Block chain, providing a secure, decentralized channel to obtain high-integrity information from other Block chains and the Internet, Flare is committed to providing fast, secure and low-cost data to support powerful dApps to accelerate application adoption, including in machine learning/AI, RWA tokenization, Gaming and social media space. About Red Date Technology Red Date Technology is a Hong Kong-based Decentralization cloud infrastructure company focused on building the next generation of longer system infrastructure to support network communications, digital economy and digital payments. About IDA Finance Hong Kong Limited (IDA) IDA is a leading digital asset technology company driving the popularity of Block Chain Finance, providing enterprises with solutions that seamlessly integrate Web2 and Web3. IDA has an experienced management team dedicated to bringing Hong Kong to the world's leading Web3 hub. ___ Disclaimer: The content of this article is a publicity manuscript provided by the contributor, and the contributor has no relationship with the moving area, and this article does not represent the position of the moving area. This article is not intended to provide any investment, asset advice or legal advice and should not be construed as an offer to buy, sell or hold assets. 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